City policy chair: Blocking skyscrapers is deeply disappointing Opinion Ministers’ decision to delay the City Plan over proposed skyscrapers near Tower Bridge is a blow to growth, says Chris Hayward Britain says it wants growth. Yet one of the country’s most important local plans has been sent back for further examination after already undergoing years of consultation, scrutiny and independent review. This delay, issued via a ministerial [...]
Tale of two cities: London leaps ahead in global finance but domestic growth stalls Economics The City of London has cemented its dominance in international finance ten years on from the Brexit vote but faced sobering domestic growth that failed to match the momentum. The capital sees more international activity conducted than the next eight largest financial centres in Europe combined, according to a new report by New Financial. The [...]
Sky Garden is throwing late night parties this summer Life&Style Iconic skyscraper the Sky Garden is throwing a series of summer parties with a Havana theme. With a licence stretching into the early hours, and live DJs throughout the evening from the ALR Music collective, the nights aim to bring “the rhythm, colour and late-night energy of Cuba’s capital” to the 36 floor rooftop. The [...]
City firms send workers home as heatwave melts London June 24, 2026 City firms have told their workers to stay away from the office this week as London is hit with a record June heatwave. Several multinational companies headquartered in the Square Mile have advised their employees to consider remote work in a bid to dodge the sweltering heat. Banking giant JP Morgan Chase is the biggest [...]
City festival with comedy and line dancing arrives in Square Mile June 24, 2026 Line dancing, comedy and a panel discussion entitled “Shit I’m in my 30’s: What’s the plan for retirement?” are some of the events taking place at the Leadenhall Building this summer, as the annual Leadenhall Live festival returns. Running 23 June – 16 July, the festival programmes more than 30 events over the course of [...]
Badenoch sets sights on battle with the Bank June 24, 2026 The City is in the mood for a regulatory bonfire and Kemi Badenoch hopes to be the one to light the flame. In this week’s column, Samuel Norman looks at the roadblocks she may face on her pursuit. “Don’t forget about Andrew Bailey.” That was the parting shot I got from a former Bank of [...]
Conservatives will slash the regulations holding the City back June 18, 2026 The reforms Kemi Badenoch announces today will see the end of ringfencing and the end of an unfair international disadvantage imposed through capital requirements set by regulators. This is only the start. We will go further, says Andrew Griffith If, like me, you left university to work in the city in the 1990s, you will [...]
Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation June 18, 2026 Kemi Badenoch will today step up her efforts to woo the City as she promises to wield the axe on post-financial crisis banking regulation if she manages to clinch the keys to Number 10. “London is having its lunch eaten” by overregulation, the Tory leader will proclaim as she proposes a shakeup of the financial regime that she hopes [...]
Kevin Warsh tears up forward guidance on rate moves at the Fed June 17, 2026 Kevin Warsh, the chairman of the Federal Reserve, signalled a major change to how the US central bank handles the run-up to its key interest rate decisions overnight, telling investors across global markets that “we’ve dropped forward guidance”. There was concern in the City that it could mean a decline in the level of transparency over [...]
Banks ‘not ready’ for motor finance scheme, says City watchdog June 9, 2026 The City watchdog has warned that motor finance lenders are “not as ready as we would expect” for the introduction of its long-awaited redress scheme. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), has written to the Treasury Committee following inquiries around the legal challenges to its car mis-selling scheme. The regulator published [...]